When it comes to renting out a property, landlords know that sometimes things don’t always go according to plan If a tenant stops paying rent, breaches their tenancy agreement, or refuses to vacate the property, the landlord may need to seek an accelerated possession order.
An accelerated possession order is a legal process that allows a landlord to regain possession of their property quickly and without the need for a court hearing While this can be a useful tool for landlords in certain situations, it’s important to understand the costs involved in obtaining an accelerated possession order.
The costs of obtaining an accelerated possession order can vary depending on the circumstances of the case and the specific requirements of the court Here are some of the key costs that landlords may incur when seeking an accelerated possession order:
1 Court Fees:
The first cost that landlords will need to consider is the court fees associated with filing for an accelerated possession order As of 2021, the court fee for an accelerated possession order is £355 This fee covers the cost of processing the application and scheduling a hearing, if necessary.
2 Legal Fees:
In addition to court fees, landlords may also need to budget for legal fees if they choose to hire a solicitor to help with their case Legal fees can vary depending on the complexity of the case and the services provided by the solicitor accelerated possession order cost. Landlords should be sure to get a quote from their solicitor upfront to avoid any unexpected costs.
3 Possession order enforcement costs:
Once an accelerated possession order has been granted, landlords may need to take further action to enforce the order and remove the tenant from the property This could involve hiring a bailiff to carry out an eviction, which can incur additional costs.
4 Other Costs:
Landlords should also consider other potential costs associated with obtaining an accelerated possession order, such as serving notice on the tenant, preparing the necessary court documents, and any additional court fees that may arise during the process.
While the costs of obtaining an accelerated possession order can add up, it’s important for landlords to weigh these costs against the potential benefits of regaining possession of their property quickly and efficiently In some cases, the cost of obtaining an accelerated possession order may be well worth it in order to avoid further financial losses or property damage caused by a non-compliant tenant.
Landlords should also be aware that there are certain situations in which they may be able to claim back some or all of the costs associated with obtaining an accelerated possession order For example, if the tenant is in breach of their tenancy agreement or has failed to pay rent, the court may order the tenant to reimburse the landlord for their legal and court fees.
In conclusion, obtaining an accelerated possession order can be a valuable tool for landlords facing difficult tenants, but it’s important to understand the costs involved in the process By budgeting for court fees, legal fees, enforcement costs, and other potential expenses, landlords can better prepare themselves for obtaining an accelerated possession order and regaining control of their property.